Options: 1) Resell the SFR as is - maybe make a few thousand, break even,  or lose a little2) Fix the subfloor and prep the bathroom and kitchen to be finished for about 2500 and sell it to someone else to finish the kitchen and bathroom to their specs.

Reserve cabinet in kitchen for each room and set a schedule for clean up.. rotate chore chart, like week 1 ,,room one does bathrooms, room 2 does all vacuuming, room 3 all trash out to curb, room 4 mowing and rotate.. 

Hi @Ruben BlancarteWhile having a real estate license has different requirements from state to state, it is certainly possible to be a part-timer.  

My husband and I are part- time real estate investors. 

It seems as though HML dont lend to first timers, and finding private money seems to be a challenge, especially since our plan is to buy the property under the LLC. 

You want to do FHA so you have a bit of money left over for paint and refinishing the kitchens and baths.

The kitchen door seems to be damaged badly by termites.

I am also open to other ideas, not stuck on owner financing as I am able to qualify for conventional, FHA, etc…The house is in decent condition but has some deferred mx and needs updating (kitchen, bathrooms, flooring, 400sq ft deck, etc…). 3 bed, 1 bathARV: $600,000Needed Repairs: Approx - $70,000Acquisition Cost: Approx - $450,000Amount owed on mortgage: $75,000

I'm sure the snarks on here will say the best tenant proofing is good screening before you rent  :) I personally like tile floors...I have given up on wood...laminate and carpet...provide extra air filters for the AC unit (unless you use replacing them as a reason to go by and check out the place every few months) fire extinguisher in the kitchen...make sure smoke detectors are installed and working properly ...if it is a single family be sure the tenants know where and how to shut the water off ...

Hi I am hoping to get some tips for just getting started.A few years ago I was all set to get started with some flipping maybe renting.Just as I was about to start our financial situation changed drastically.My wife had to take a much smaller salary and I was hit with a ton of medical bills.So we went from looking to invest to living paycheck to paycheck.We have burned through all our savings just to stay afloat and things are going to get desperate soon.So I am hoping I can get started now before it’s too late.So I have been reading up and looking for options.Any tips or suggestions for someone in my situation to get started in the real estate game here in NJ would be greatly appreciated.Any wholesalers out there that can walk a first timer through would be cool.I have a partner who is less desperate then I am and maybe some investors if the deal looks good.Between the two of us we are acquainted with a lot of carpenters, painters, roofers and other home repair guys who would give us great deals.Plus we are both very handy and usually do all our own work for our homes.Hoping to make a move and supplement our incomes before getting too buried in credit card debt.Any tips would be awesome thanks.